EQB Inc. (TSE:EQB - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$99.52 and traded as low as C$98.88. EQB shares last traded at C$99.29, with a volume of 151,467 shares changing hands.
Analysts Set New Price Targets
EQB has been the topic of several research analyst reports. Scotiabank lowered their price target on shares of EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. BMO Capital Markets boosted their price target on EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. TD Securities cut EQB from a "buy" rating to a "hold" rating and lowered their price objective for the stock from C$126.00 to C$110.00 in a research report on Friday, December 6th. Raymond James decreased their price target on shares of EQB from C$110.00 to C$106.00 in a research note on Wednesday, August 21st. Finally, CIBC lifted their price objective on shares of EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of C$113.63.
Check Out Our Latest Research Report on EQB
EQB Stock Performance
The company has a market cap of C$3.79 billion, a P/E ratio of 10.38, a P/E/G ratio of 0.34 and a beta of 1.59. The stock's fifty day moving average price is C$106.62 and its two-hundred day moving average price is C$99.60.
EQB Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from EQB's previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 1.98%. EQB's dividend payout ratio is presently 19.75%.
About EQB
(
Get Free Report)
EQB Inc formerly Equitable Group Inc trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives.
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